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BioteQ Secures $1.4M Contract

November 19, 2011
BioteQ Secures $1.4M Contract

VANCOUVER, November 15, 2011 - BioteQ Environmental Technologies, Inc. has secured a contract from an international mining customer to provide detailed design and engineering services for a planned 1,800 cubic meter per hour water treatment system.

Under the terms of the contract, valued at approximately CDN$1.4 million, work will commence immediately and will conclude in approximately six months.

Jonathan Wilkinson, BioteQ's Chief Executive Officer stated, 'BioteQ has worked with this customer on this particular project since 2008 to design a multi-stage water treatment system for a proposed new mine.'

'This new contract represents the third stage of work on the project and is focused on providing detailed capital and operating cost estimates that will enable the customer to make a final investment decision about the water treatment plant,' he added. 

The project has now moved to an advanced stage of development.

'This new contract is a reflection of the strength and growing maturity of BioteQ's commercial pipeline and represents a significant step forward for the Company,' says Wilkinson.

BioteQ creates custom water treatment solutions to recover dissolved metals and remove sulphate from water impacted by mining, energy and industrial activities.

The company's clean technologies convert wastewater into a useful resource while delivering lower life cycle costs for water treatment. BioteQ has designed and built 14 plants at sites in Canada, the US, Mexico, Australia and China, with additional projects in development.

BioteQ's sustainable water treatment solutions have been recognized with national and international awards for innovation and sustainability. BioteQ is headquartered in Vancouver, Canada, and trades on the TSX under the symbol BQE. For additional information, please visit our website at http://www.bioteq.ca/.

 
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